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Toronto Market

1 February 2019

Toronto City Review

As Canada’s financial capital, Toronto is considered an international centre for business and finance. It is home to the Big Five, a name for the five of Canada’s largest financial institutions. Moreover, the Toronto Stock Exchange is the world’s seventh-largest stock exchange in terms of market capitalization and has a high concentration of banks and brokerage firms that further cements its economic trademark. Its sectors in media, telecommunication, film production and information technology are also worth noting.



In terms of population, Toronto is the largest city in Canada and fourth largest in North America. The 2016 census reported a total population of 2,731,571, a 4.5% increase against 2011, with a large portion (69.8%) belonging to the 15 to 64 age range. Data shows that there has been a shift in age distribution; more people are over 65 than there are under the age of 15. The average and median ages are slightly lower than Ontario’s at 40.6 and 39.3.


The 2016 unemployment rate in Toronto is 8.2%. The survey totalled 1,461,020, jobs which showed an increase of 2.7% against 2015 data, with the majority of employed individuals in the office sector.

Because Toronto’s economy is continuously growing, a significant amount of jobs are expected to be generated as the city sees more and more businesses and investors.

Economic Standing

Toronto started 2017 strong, with roughly 2.7% in economic growth coming from the finance, insurance, and real estate industries. It is a growth leader among the 13 CMAs according to the Conference Board of Canada’s Metropolitan Outlook: Spring 2017. Toronto also expects to see its manufacturing industry grow.

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